Mayor Adams Takes Action to Position New York City as Global Capital of Digital Assets

NEW YORK – New York City Mayor Eric Adams today signed Executive Order 57 and established the New York City Office of Digital Assets and Blockchain. The first-ever mayoral office of its kind in the nation positions New York as the global capital of digital assets, including cryptocurrency and blockchain technologies. The office will promote the responsible use of digital assets and blockchain technologies, grow economic opportunities for New Yorkers, attract world-class talent, and reinforce the city’s standing as the world’s hub for financial and technological innovation. Mayor Adams also today appointed Moises Rendon to lead the office as executive director. As its first action, Executive Director Rendon will form a commission of leaders in the digital assets space to advise on the office’s work.

“From day one, our administration has kept New York City ahead of the curve because when we embrace technology, we deliver a safer, more affordable city,” said Mayor Adams. “In 2022, I became the first American mayor to convert my first three paychecks into crypto and this past May, our administration hosted the first-ever crypto summit at Gracie Mansion. Today, with the nation’s first mayoral agency focused solely on digital assets and blockchain technology, we continue to signal the opportunities this new form of technology can bring to New York City. Our city has always been the center of innovation, and we’re embracing the technologies of tomorrow today. The age of digital assets is here, and with it comes the chance to grow our economy, attract world-class talent, expand opportunities for underbanked communities, and make government more user-friendly. I’m looking forward to working closer with Moises Rendon as we help make New York City the tech capital of the world.”

“New York City has remained the global center of innovation for decades due to our willingness to embrace new, emerging technologies,” said First Deputy Mayor Randy Mastro. “With the launch of the New York City Office of Digital Assets and Blockchain, New York City is reaffirming its role as a leader in the financial and technology sectors to ensure that working-class New Yorkers are first in line for game-changing economic opportunities of the future and efficient delivery of government services. And Moises Rendon is uniquely qualified to guide New York City through this new frontier of technology, which will, once again, result in New York City growing its economy, delivering real economic benefits to underserved communities, and attracting the world-class talent that makes us the envy of the world.”

“New York City's future as a global finance center and municipal governance leader depends on our ability to capitalize on the enormous opportunities presented by emerging technologies such as digital assets and blockchain,” said New York City Chief Technology Officer Matt Fraser. “Today's announcement affirms our place at the forefront of this technological revolution and showcases the mayor's bold, forward-looking vision to make New York City the crypto capital of the globe. This office ensures that we're partnering with the brightest minds across the fintech sphere and empowering city agencies to harness the transformative potential of digital assets and blockchain for the benefit of 8.5 million New Yorkers.”

“Mayor Adams’ creation of this new office proves that the future is now for digital assets and blockchain in New York City,” said Mayor's Office of Digital Assets and Blockchain Executive Director Moises Rendon. “I am honored to lead the nation’s first municipal office dedicated to successfully and responsibly deploying these technologies. I look forward to collaborating with CTO Fraser, city agency partners, and private-industry leaders to develop policies and programs that make our government more accessible, transparent, and innovative for New Yorkers in the years ahead.”

The Office of Digital Assets and Blockchain will promote long-term economic growth, ensuring that digital assets strengthen the city’s economy, including by:

Fostering innovation and development while guiding the responsible development of cryptocurrency and blockchain ecosystems in New York City.

Coordinating efforts between the digital asset industry and government, serving as a bridge to encourage responsible innovation and alignment across stakeholders.

Working in close collaboration with the New York City Office of Technology and Innovation (OTI) while also coordinating citywide efforts across agencies, ensuring alignment of policies, services, and digital asset initiatives.

Engaging with state and federal partners to promote policies that make New York City more welcoming to blockchain and crypto initiatives that add value and comply with laws and regulations.

Promoting inclusion and access, particularly for unbanked and underbanked communities, by supporting safer ways to save money, access resources, and build resilience against inflation.

Educating and protecting the public through initiatives that help New Yorkers understand the risks of digital assets, including campaigns to raise awareness of scams, fraud, and consumer protections.

Attracting world-class talent and investment, ensuring New York remains globally competitive in financial innovation and technological development.

Supporting nonpartisan, policy-driven legislation, ensuring the office remains focused on sound policy and the delivery of tangible benefits to New Yorkers across all communities.

Through these efforts, the Office of Digital Assets and Blockchain will help secure New York City’s leadership in the digital economy, expand opportunities for its residents, and build a foundation of responsible innovation, trust, inclusion, and growth. The office will allow New York City to demonstrate its leadership in embracing innovation while safeguarding the interests of its residents.

About Moises Rendon

Moises Rendon is a digital assets and blockchain policy expert with extensive experience advising federal, local, and international stakeholders. He currently serves as policy advisor for digital assets and blockchain at OTI, where he leads citywide research and strategic initiatives to explore blockchain’s potential for improving government operations.

Previously, Rendon served as a director for the Washington, D.C. office of the Americas Society/Council of the Americas and was a policy consultant for the U.S. Department of State, United States Agency for International Development, and private-sector clients on fintech and economic trends. Rendon holds a Master of Laws degree in International Business and Economic Law from Georgetown University Law Center and a Bachelor of Laws degree from Andrés Bello Catholic University in Venezuela.

Executive Director Rendon will report directly to Chief Technology Officer Matt Fraser.

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